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TrueUSD Audit Shows Full US Dollar Backing

From cointelegraph.com

TrustToken has published the results of an audit of its stablecoin TrueUSD (TUSD) in a blog post on April 8. The audit shows that it has the full amount of United States dollar reserves. Per the Independent Accountants’ Report prepared by certified public accounting firm Cohen & Company, as of March 31, 2019, the U.S. dollar balance held in escrow accounts was $199,063,885, while the balance of TUSD tokens issued and being in circulation was 198,982,291 TUSD. The issued and outstanding TUSD tokens as of the date purportedly do not exceed the balance of the aforementioned escrow accounts. “The supply of TUSD ... (full story)

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  • Category: Fundamental Analysis